IATA Warns of $11 Billion in Lost Revenue Due to Supply Shortages

The International Air Transport Association (IATA) has warned of a renewed capacity crunch in global aircraft production, citing delivery shortfalls and a record-high order backlog. The average fleet age has risen to 15.1 years, and over 5,000 aircraft remain in storage. IATA expects limited aircraft availability to cost the airline industry over $11 billion in 2025. The association recommends enhancing maintenance, repair, and operations (MRO) independence and increasing supply chain visibility to address these challenges. This report was first published by AeroTime.